Buffalo Coal Corporation has announced that it has commenced with implementation of the restructuring of its operational and cost structures at its Dundee operations, as announced on 22 December 2014.
Buffalo has said that the consultation process in South Africa with organised labour and relevant stakeholders has been completed and as a consequence the company has commenced with the retrenchments of mine employees.
The company its workforce will be reduced by about 25% once implementation of this process has been completed.
The amount of South African coal imported by India rose 8% in the year ending March 2011. According to mjunction, an online Indian e-commerce company, Indian imports accounted for about 32% of the coal exported from South Africa.
A state mining company will be established in South Africa by the end of this month, although much of its work will be contracted out to private companies.